Cheap Apartments for Rent in the Penn Draw Neighborhood of Alexandria, VA from $900 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Penn Draw area of Alexandria.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 6437 Richmond Hwy

6437 Richmond Hwy

AlexandriaVA22306

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 6641 Wakefield Dr

6641 Wakefield Dr

AlexandriaVA22307
property at 2451 Midtown Ave

2451 Midtown Ave

AlexandriaVA22303

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Mount Vernon Gardens
Studio to 2 Bedroom Apartments

Mount Vernon Gardens

7417-7421 Fordson RdAlexandria, VA 22306
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The Ellsworth
Studio to 2 Bedroom Apartments

The Ellsworth

2801 Seay StAlexandria, VA 22314
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Jefferson Gardens
1 to 2 Bedroom Apartments

Jefferson Gardens

5877 Monticello RdAlexandria, VA 22303
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The Arden
Studio to 3 Bedroom Apartments

The Arden

2317 Huntington AveAlexandria, VA 22303
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Olde Towne West
1 to 4 Bedroom Apartments

Olde Towne West

500-524 S Alfred StAlexandria, VA 22314
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Kings Gardens
1 to 3 Bedroom Apartments

Kings Gardens

6300 S Kings HwyAlexandria, VA 22306
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Cherry Arms
1 to 3 Bedroom Apartments

Cherry Arms

7131 Richmond HwyAlexandria, VA 22306
Showing Results 1-44, Page 1 of 1

Penn Draw, Alexandria, VA Local Guide

Cheapest Available Penn Draw Apartments for Rent

 

The cheapest available apartment rental in the Penn Draw area of Washington, VA is a Studio unit found at Meadow Woods priced from $1,279. Riverside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,413. Here are the most affordable Penn Draw apartments for rent in Washington, VA:

Apartment ListingModel NameBed/BathPriced From
Meadow WoodsWilsonStudio,1BA$1,279
Riverside ApartmentsTower 2 | Studio | S1AStudio,1BA$1,413
Cityside Huntington MetroStudio 430 sq. ft.Studio,1BA$1,450
Mount Vernon Square Apartment HomesOne Bedroom - 735 sqft1BR,1BA$1,485
The Courts at Huntington StationStudio E1BStudio,1BA$1,529
Lafayette Apartments1 Bedroom+Den1BR,1BA$1,595
The Residences at North Hill1 Bedroom1BR,1BA$1,611
Haven Huntley Meadows1 Bedroom1BR,1BA$1,715
Rose Hill ApartmentsThe Oronoco1BR,1BA$1,715
South AlexA1.051BR,1BA$1,760

Best Value Apartments for Rent in Penn Draw, VA

As of October 31, 2025 the best value apartment in the Penn Draw area is the $2.37 price per square foot Greenbriar with Den Model at Carlyle Mill in the in the Northeast Alexandria neighborhood starting from $3,489. The second greatest value Penn Draw apartment is the The Bristol Model at The Reserve at Eisenhower starting at $2,400 with a $2.09 price per square foot in the Maple Grove Estates neighborhood. Here is today’s list of the best values for Penn Draw apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carlyle MillGreenbriar with Den3BR,2BA$2.37
The Reserve at EisenhowerThe Bristol2BR,2BA$2.09
Kings Gardens2Bedroom 1Bathroom2BR,1BA$1.81
Rose Hill ApartmentsThe Gadsby2BR,1BA$2.63
Cherry Arms2Bedroom 1Bathroom2BR,1BA$2.36
7441 Convair Dr, Unit 17441 Convair Dr1BR,1BA$2.24
Lafayette Apartments1 Bedroom1BR,1BA$2.20
The Residences at North Hill1 Bedroom1BR,1BA$2.41
Mount Vernon Square Apartment HomesOne Bedroom - 665 sqft1BR,1BA$2.27
Haven Huntley Meadows1 Bedroom1BR,1BA$2.62

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Penn Draw, Alexandria, VA

Ranked #27

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Penn Draw, Alexandria, VA

School data provided by Great Schools

Frequently Asked Questions about Cheap Penn Draw Apartments

What is a cheap apartment in Penn Draw?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Penn Draw is under $1,760.

What is the price of a cheap apartment in Penn Draw?

The cheapest apartment in Penn Draw is Meadow Woods which is listed at $1,409, while the average apartment in Penn Draw costs $3,462.

What types of apartments are the cheapest in Penn Draw?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 41 regular apartments in Penn Draw that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Penn Draw?

Cheap apartments in Penn Draw have an average cost of $135 which is $3,327 cheaper than the average rent for all rentals in Penn Draw.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Washington DC Local Expert's Guide to Top Affordable Neighborhoods for Renters in the DC Metro article

A Washington DC Local Expert's Guide to Top Affordable Neighborhoods for Renters in the DC Metro

Written by: Steve Lilly

I'm Steve, your ApartmentHomeLiving.com Local Expert for Washington, DC.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.